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After two quarters of dismal performance, Amerisafe delivered a strong fourth-quarter performance with a positive earnings surprise of 25.6%.

The company initiated a cash dividend policy with the intention to pay a dividend every quarter. The board of directors declared its first quarterly cash dividend of 8 cents per share payable on Mar 28, 2013 to shareholders of record as of Mar 14, 2013. The cash dividend is currently expected to be 32 cents per share on a yearly basis.

Amerisafe reported its fourth-quarter results on Feb 27. Non-GAAP earnings per share came in at 49 cents, surpassing the Zacks Consensus Estimate by 25.6% and the year-ago number by 53.1%.

Results reflect higher premiums written and earned that shored up the top line as well as the underwriting results. In addition, improved investment portfolio and capital position drove the book value of the shares, return on equity (ROE), combined ratio and other profitability metrics.

The top line improved 14.2% year over year to $85.6 million, driven by strong improvement in net premiums earned (up 18.9% year over).

The Zacks Consensus Estimate for 2013 is $1.84 per share, up 24% year over year. For 2014, the Zacks Consensus Estimate is currently pegged at $2.10 per share, up 14.4% year over year. The long-term expected earnings growth rate for this stock is 10%.

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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2017. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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